Royal Mail (OTCMKTS:ROYMY) Hits New 1-Year Low at $8.49

Royal Mail plc (OTCMKTS:ROYMY – Get Rating)’s share price reached a new 52-week low on Wednesday . The company traded as low as $8.49 and last traded at $8.59, with a volume of 1036 shares. The stock had previously closed at $8.54.

A number of research firms have weighed in on ROYMY. Deutsche Bank Aktiengesellschaft lowered Royal Mail from a “buy” rating to a “sell” rating in a report on Tuesday, March 29th. UBS Group lowered their target price on Royal Mail from GBX 540 ($6.88) to GBX 420 ($5.35) in a report on Wednesday, April 20th. Credit Suisse Group downgraded Royal Mail from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 3rd. JPMorgan Chase & Co. reduced their price target on Royal Mail from GBX 708 ($9.02) to GBX 702 ($8.95) in a research report on Thursday, March 17th. Finally, Zacks Investment Research downgraded Royal Mail from a “buy” rating to a “sell” rating in a research report on Friday, March 25th. Three research analysts have rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $365.50.

The firm has a 50-day moving average of $9.54 and a 200-day moving average of $11.58.

Royal Mail Company Profile (OTCMKTS:ROYMY)

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.

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